Deluxe Corp to Acquire Celero Commerce for $625 Million
Deluxe Corporation announced a definitive agreement to acquire Celero Commerce, a financial technology company, for approximately $625 million in cash, plus payment of certain seller transaction expenses and other adjustments. This strategic acquisition is expected to accelerate Deluxe's transformation towards higher-growth Payments and Data segments, increasing their proforma revenue contribution to 57% of total revenues by 2026. The transaction is anticipated to be accretive to adjusted EPS in the first year, expand revenue growth and adjusted EBITDA margin rates, and unlock significant cost synergies. The deal is expected to close in the third quarter of 2026, funded through debt financing and existing credit facilities, and will position the combined entity as a top 10 non-bank merchant acquirer in the U.S.
Key Highlights
- Deluxe Corporation to acquire Celero Commerce for approximately $625 million in cash.
- The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions.
- The acquisition is expected to be accretive to adjusted EPS in the first year following closing.
- Post-closing, Payments and Data businesses are expected to increase to 57% of 2026 revenues on a proforma basis.
- Deluxe expects to fund the transaction through a combination of its existing revolving credit facility and new debt financing.
- The combined entity is expected to be one of the 10 largest non-bank merchant acquirers in the United States.
- Deluxe expects to realize over $15 million in identified cost synergies by 2028.
- At closing, Deluxe expects its combined net leverage ratio to be approximately 3.9x, with a plan to reduce it below 3.0x within 24 months.
Price Impact
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